Selling Your House Without A Real Estate Agent

Selling Your House Without A Real Estate Agent

If the whole idea of giving commission to a person dealing with real estate does not excite you, just do some hard work and sell your house without taking help of any agent. To sell your house on your own, you need to be proactive. Not only you need to schedule appointments but also conduct negotiations and give advertisements in the media.

The most important thing that you need to do is to be clear in your mind whether it is all right on a financial front to do all these things on your own. In other words, see how much you are going to save if you do not take the services of a real estate agent. In terms of statistics, on a $200,000 home, you’ll save 50 percent of the 5 to 6 percent real estate commission ($6,000 to $7,500), assuming that your buyer takes the services of an agent.

In case if both of you are not taking the services of an agent, you can easily save anything in the range of $5,000 to $6,000 per $100,000. But point to be noted here is that you need to spend on additional marketing expenses like flyers and newspaper listings.

You need to keep in mind that when you do not take the services of a real estate agent, you need to devote plenty of your time as potential buyer can contact you anytime. You need to be at the house all the time as buyer may be interested in a tour of your house. If you cannot follow this tight schedule, it is recommended that you opt for a real estate agent.

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It is always a good idea to carry out a bit of research and see what the price tag of other houses near your locality. Find out what may have sold for in the last four or five months in order to come up with a right kind of asking price. Your county tax department can play a pivotal role in this regard as they have details of such comparable sales. Before setting the asking price, take into perspective closing fees and cash amount you want after the sale. Your house will sell quicker if you priced it correctly. You can also take the help of your friends and family members especially if they have good contacts. They can play a significant part in selling your house.